An investigation on behalf of current long term investors in Skillz Inc. (NYSE:SKLZ) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 09/21/2021 -- An investigation was announced over potential breaches of fiduciary duties by certain directors and officers of Skillz Inc..
Investors who are current long term investors in Skillz Inc. (NYSE: SKLZ) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: SKLZ stocks follows a lawsuit filed against Skillz Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: SKLZ stocks, concerns whether certain Skillz directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that three games responsible for a majority of Skillz's revenues had declined substantially, that Skillz's revenue recognition policy misrepresented the financial condition of the company, that unrealistic market growth, specifically in the Android market, and that as a result defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of Skillz Inc. (NYSE: SKLZ) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.